The contract renewal status between YG and its top group, BLACKPINK, has yet to reach a final update, but the group has now become the honored guest at the UK State Banquet at the Buckingham Palace. So, what happened behind the uncertain status of BLACKPINK contract renewal, and has YG provided the recent update? Find out more in the following report.
BLACKPINK Becomes Honored Guests at South Korea – UK State Banquet at Buckingham Palace
Despite various rumors and ambiguous contract renewal status update, Kpop superstars BLACKPINK has proved their skyrocketing global reputation by becoming the honored guests at the South Korea – UK State Banquet with King Charles.
On November 21 local time, the United Kingdom held a state banquet at Buckingham Palace. The state banquet was to celebrate South Korean President Yoon Suk Yeol’s visit to the UK, which aims to strengthen the cultural ties between the two countries.
Various key figures attended the banquet, including Prime Minister Rishi Sunak and royal family members. And among these important diplomats, BLACKPINK members Jennie, Jisoo, Lisa, and Rosé were also present as the honored guests.
At this Buckingham Palace state banquet, BLACKPINK members attended not just as global Kpop idols. Instead, they represented the United Nations as its ambassadors and advocates of COP26. The UK’s Royal Majesty King Charles III brought up all four members’ names in his speech to recognize BLACKPINK’s influential message of environmental sustainability.
This was a pivotal moment for BLACKPINK to cement their reputation while dealing with the uncertain contract renewal status with YG Entertainment.
Latest Update on BLACKPINK Contract Renewal Status with YG Entertainment
Now that BLACKPINK’s reputation has risen even higher with this reputable event, what about their contract renewal status with YG?
A recent update indicates that BLACKPINK members have agreed to continue their group activities. And they will reportedly conduct these activities under the management of YG Entertainment. Further in the report, YG revealed that two BLACKPINK members have reportedly signed a contract to continue BLACKPINK’s activities. And the remaining two members are set to sign the contract as well.
However, regarding individual contract renewals, the future of BLACKPINK members with YG Entertainment remains uncertain. With the company and members remaining silent, it has created restlessness among fans and the company’s shareholders.
Not only that, but various signs indicate that some members have yet to agree on the contract renewal. Two of BLACKPINK managers for overseas activities, Alice Kang (Lisa) and Alison Chang (Jennie), had reportedly left YG. Moreover, reports suggest that YG has shifted focus to their newest girl group, BABYMONSTER.
On top of that, Jennie has also filed 10 trademarks for her name, JENNIE RUBY JANE, at KIPRIS (Korea Intellectual Property Rights Info Service). This has escalated the rumors that at least Jennie and Lisa would reportedly continue their individual activities outside YG.
YG Entertainment Official Statement
Responding to the circulating rumors about the status of the BLACKPINK contract renewal update, YG again gave an unclear statement.
“Negotiations are currently underway to renew BLACKPINK’s exclusive contract as of the disclosure date.
We will share the final outcome later as part of key management disclosures related to investment decisions.”YG Entertainment.
Finally, despite all the ambiguous explanations from YG, today, we can be certain that BLACKPINK’s global reputation will continue to escalate even when the members go to different agencies. And as long as BLACKPINK can stay as one group, it does not matter which agency the members would individually sign as long as they can provide them the best management and protection.
So, what do you think about this status update on the BLACKPINK contract renewal with YG? And were you amazed to see BLACKPINK members attending a royal state banquet at the Buckingham Palace? Please share your thoughts in the comments.
Meanwhile, here are BLACKPINK members having a lovely conversation with King Charles.
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